September 12th 2023.
QuickBooks is one of the leading accounting software options for small and medium-sized businesses, tax pros, and some CPAs. It was launched in 1983 and has since established itself as an industry leader. QuickBooks offers two versions - online and desktop - both with core accounting features such as tracking income and expenses, project accounting, accounts receivable and invoices, detailed chart of accounts, journal entries, inventory tracking, third-party integrations, and bank reconciliation, among others.
QuickBooks Desktop is more traditional and robust, with services like sending invoices, accepting payments, tracking sales and sales tax, managing and paying bills, and logging mileage. It has over 200 app integrations and a mobile app for logging receipts. It is more costly but provides more robust features such as industry-specific options, tracking inventory, and better forecasting. The enterprise version provides advanced pricing, inventory management, and reporting tools.
QuickBooks Online is cloud-based software that is better for real-time tracking and collaboration. It is less costly but has more limited features. It comes with 25 users who can each access the program, and is compatible with Mac. The standout features include invoicing, assisted bookkeeping, and class and location tracking. It also has more than 750 integrations and a more robust mobile app. It is better for beginners or businesses with limited accounting experience, but lacks some of the advanced features of the desktop version.
When it comes to invoicing, QuickBooks Online provides clean, modern invoice templates that are easy to create and share. It also has more automation options such as recurring invoices, batch invoices, progress invoicing, invoice reminders, and invoice translations for international clients.
Ultimately, you'll have to decide which version is better for your business if you pursue QuickBooks. QuickBooks Desktop is better suited for small businesses with accounting experience, while QuickBooks Online is better for real-time tracking, collaboration, and businesses with limited accounting experience.
QuickBooks is one of the leading accounting software options used by small and medium-sized businesses, tax pros, and CPAs. Developed in 1983, it is now an industry leader with two versions: QuickBooks Online and QuickBooks Desktop.
The two programs share many core accounting features, including tracking income and expenses, project accounting, accounts payable and receivable, detailed chart of accounts, journal entries, inventory tracking, third-party integrations, bank reconciliation, tax support, sales tax management, estimates, mobile applications, payroll add-ons, assisted bookkeeping, and reporting.
QuickBooks Desktop is the more traditional and robust accounting software program. It is more costly than the online version but provides more robust features. It is better for experienced bookkeepers and accountants and offers services like sending invoices, accepting payments, tracking sales and sales tax, managing and paying bills, and logging mileage. It also offers more integrations with over 200 apps.
On the other hand, QuickBooks Online is cloud-based software that is better for real-time tracking and collaboration. It is less costly but has more limited features. It allows for up to 25 users, who can each access the program, and comes with a mobile app for on-the-go accounting. The online version also comes with invoicing automation, client portal, and invoice tracking.
When it comes to invoicing, QuickBooks Online provides cleaner, modern templates that are easier to create and share. It also has more automation options, like recurring invoices, batch invoices, progress invoicing, invoice reminders, tools to auto-schedule invoices, and invoice translations.
To decide which option is better for your business, consider the features and pricing of the two programs. QuickBooks Desktop Pro Yearly Plan starts at $549.99, while QuickBooks Online Simple Start Plan starts at $30 per month. QuickBooks Desktop Premier Plus Yearly Plan is $799.99, QuickBooks Online Essentials Plan is $55 per month, QuickBooks Desktop Enterprise Yearly Plan is $1,410, and QuickBooks Online Plus Plan is $85 per month.
Choose the version that best meets your business needs and offers the features you require.
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